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Financial Sector Reforms in Indonesia and South Korea in 1980s and Early 1990s

Author

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  • Alexandr Akimov

    (Alexandr Akimov (corresponding author), Lecturer in Banking and Finance, Department of Accounting, Finance and Economics, Griffith University, Southport, Australia. E-mail: a.akimov@griffith.edu.au)

  • Brian Dollery

    (Brian Dollery, Professor of Economics, School of Business, Economics and Public Policy, University of New England, Armidale, Australia. E-mail: bdollery@une.edu.au)

Abstract

This article examines financial liberalisation in Indonesia and South Korea during the 1980s and the early 1990s. It provides a brief discussion of the pre-reform political and economic environment in the two countries, followed by a description of the state of the pre-reform financial sectors in both the countries. The article then focuses on the respective financial development policies and their pace, sequencing and outcomes in the two nations. The socio-economic impact of financial sector reforms is also carefully considered. The article concludes by summarising its main findings and drawing out some major policy implications.

Suggested Citation

  • Alexandr Akimov & Brian Dollery, 2010. "Financial Sector Reforms in Indonesia and South Korea in 1980s and Early 1990s," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 9(1), pages 25-49, April.
    • Handle: RePEc:sae:emffin:v:9:y:2010:i:1:p:25-49
    DOI: 10.1177/097265271000900102
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    References listed on IDEAS

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    Cited by:

    1. Satish Kumar & Vinodh Madhavan & Riya Sureka, 2020. "The Journal of Emerging Market Finance: A Bibliometric Overview (2002–2019)," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 19(3), pages 326-352, December.

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    More about this item

    Keywords

    JEL Classification: G28; JEL Classification: O16; JEL Classification: P52; Financial liberalisation; Indonesia; Korea; financial development; financial reforms;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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